
Transforming South Park: The Lawson Project Takes Shape
In a significant development for South Park, CEDARst Companies, in partnership with Bridge Investment Group, has officially begun construction on The Lawson, an $89 million apartment complex located at 2935-2961 A St. This eight-story building will house 180 apartments and promises a range of amenities designed to cater to modern living needs.
Amenities Tailored for Modern Lifestyles
The Lawson aims to stand apart with its unique offerings, which include a two-story gym, a wellness center featuring a hot tub, cold plunge, and sauna, and a stunning rooftop deck that provides breathtaking views of San Diego Bay and the downtown skyline. Will Murphy, CEO of CEDARst Companies, mentioned that "we’re packing a fair amount of amenities into what is a 180-unit multifamily building." The diverse amenities reflect a growing trend in urban living where residents expect more than just a place to stay; they desire a holistic living experience.
Attracting Tenants in a Competitive Market
The project is particularly noteworthy as it addresses a growing demand for rental units in South Park, an area characterized by a high barrier to new development due to its single-family home predominance. CEDARst acquired the site in March 2023 for $8 million, capitalizing on its unique positioning in a market where there's little competition for multi-family developments. The Lawson will include 149 parking stalls, which Murphy emphasized is crucial for attracting tenants. "On average, three out of four renters want access to parking," he stated.
A Focus on Affordability and Community
Highlighting its commitment to community engagement, CEDARst plans to ensure that 51% of The Lawson's units are priced at affordable levels. This thoughtful strategy aims to cater to the demographics of existing residents, mirroring the community in which this development will reside. The rents for the apartments will range from $1,800 to $4,000 per month, with unit sizes averaging 675 square feet. A mix of studio and one- to two-bedroom apartments will be available, with a focus on meeting the needs of millennials and Gen Z.
Building New Opportunities
This new development reflects broader trends in housing and urban development, particularly in suburban areas like South Park. As cities evolve, developments like The Lawson offer insights into the future of urban living — where convenience and community coalesce. The completion of such projects could signal a shift in housing availability and could help alleviate pressure on local housing markets.
Conclusion: What Does This Mean for Bakersfield Residents?
For residents of Bakersfield and the surrounding areas, The Lawson project may bring both excitement and reflection. It showcases a commitment to balanced community development, addressing both luxury and affordability amid urban renewal. As similar projects emerge in other cities, like Bakersfield, it will be fascinating to observe how these trends shape local landscapes. Consider engaging with local planning or development discussions that may impact your neighborhood as similar opportunities arise.
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